Death Taxes at Legal Glossary
What is it? Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.Law Definition Added By: Lucy
The Death Taxes definition has been viewed 959 Time(s)!
Send To Friends!
If you'd like to send the Death Taxes definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Death Taxes. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Legal Terms:
Law Terms constructive eviction is When a landlord provides housing that is so substandard that a landlord has legally evicted the tenant. For example, if the landlord refuses to provide heat or water or refuses to clean up an environmental health hazard, the tenant has the right to move out and stop paying rent, without incurring legal liability for breaking the lease.Law Terms power of appointment is The legal authority to decide who will receive someone elses property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustees assessment of need.
Law Terms nonimmigrant is People who come to the United States temporarily for some particular purpose but do not remain permanently. There are many types of nonimmigrants. Students, temporary workers and visitors are some of the most common.
Law Terms workers compensation is A program that provides replacement income and medical expenses to employees who are injured or become ill due to their jobs. Financial benefits may also extend to workers dependents and to the survivors of workers who are killed on the job. In most circumstances, workers compensation pays relatively modest amounts and prevents the worker or dependents from suing the employer for the injuries or death.
Law Terms foreign divorce is A divorce obtained in a different state or country from the place where one spouse resides at the time of the divorce. As a general rule, foreign divorces are recognized as valid if the spouse requesting the divorce became a resident of the state or country granting the divorce, and if both parties consented to the jurisdiction of the foreign court. A foreign divorce obtained by one person without the consent of the other is normally not valid, unless the nonconsenting spouse later acts as if the foreign divorce were valid, for example, by remarrying.